News
SAN JOSE -- A few years back, Flectronics invested heavily into camera modules, anticipating that their eventual use in cellphones would give the EMS provider a boost in landing 3G handset contracts.
Today none other than Eastman Kodak said it will divest its entire digital camera manufacturing requirements to Flextronics, including assembly, production, and testing. About 550 Kodak personnel are expected to be transferred to Flextronics facilities. Closing is expected in Kodak's third quarter, pending regulatory approvals. The companies did not specify the value of the deal. However, Deutsche Bank estimated that the deal would grow from
Today none other than Eastman Kodak said it will divest its entire digital camera manufacturing requirements to Flextronics, including assembly, production, and testing. About 550 Kodak personnel are expected to be transferred to Flextronics facilities. Closing is expected in Kodak's third quarter, pending regulatory approvals. The companies did not specify the value of the deal. However, Deutsche Bank estimated that the deal would grow from
VANCOUVER -- Nam Tai's net sales rose 15.3% in the second quarter to $214 million, in line with company guidance. Operating income rose 39.4% to $20 million, and net income more than tripled to $18.5 million.
In the quarter SG&A and R&D expenses as a percentage of sales was reduced to 4.7% from 5.1% last year. The company generated $17 million of net cash from operating activities and had capital expenditures of $3.4 million.
Nam Tai said growth momentum will be sustained in the third quarter and will further accelerate in the fourth quarter of 2006. The firm reiterated its long-term target of 25% sales growth.
The company expects to begin trial production of flex circuits by the end of the third quarter and is also looking for other opportunities to support the growth of its key component subassemblies business.
A factory expansion is planned for Shenzhen, and Nam Tai plans to construct a factory complex in Wuxi, pending local government environmental approvals.
In the quarter SG&A and R&D expenses as a percentage of sales was reduced to 4.7% from 5.1% last year. The company generated $17 million of net cash from operating activities and had capital expenditures of $3.4 million.
Nam Tai said growth momentum will be sustained in the third quarter and will further accelerate in the fourth quarter of 2006. The firm reiterated its long-term target of 25% sales growth.
The company expects to begin trial production of flex circuits by the end of the third quarter and is also looking for other opportunities to support the growth of its key component subassemblies business.
A factory expansion is planned for Shenzhen, and Nam Tai plans to construct a factory complex in Wuxi, pending local government environmental approvals.
FRANKLIN, MA – Endicott Interconnect Technologies (EI) has chosen the MPM Accela printer, made by Speedline Technologies, for its SMT and semiconductor back-end assembly processes. The companies are jointly conducting beta testing on several new, advanced hardware and software options for the printer.
These advances will leverage Speedline’s patented texture-based inspection algorithms to develop exponentially higher resolution 2-D inspection capabilities. This will enable the ultra-fine feature 2-D capabilities required by emerging higher-density assemblies that employ smaller or finer pitch components.
In addition to this joint inspection development, EI plans to use the Accela printers to process substrates in flat carriers, as well as perform fine feature assembly inspection in their Endicott, NY, facility.
These advances will leverage Speedline’s patented texture-based inspection algorithms to develop exponentially higher resolution 2-D inspection capabilities. This will enable the ultra-fine feature 2-D capabilities required by emerging higher-density assemblies that employ smaller or finer pitch components.
In addition to this joint inspection development, EI plans to use the Accela printers to process substrates in flat carriers, as well as perform fine feature assembly inspection in their Endicott, NY, facility.
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